Right now BTC price action is very timid.

But I am currently not sure if we are within a triangle or out of it. One would be bullish the other quite bearish.

I have drawn the upper trundling in two ways:

Using wigs on the log chart

This looks really bad. It looks like we tried to break out but failed. This makes me want to short btc.

Using closing candles and non log

This looks fantastic. It looks like we broke out and are confirming the trend line. This makes me think we will break out very soon.

To me the key question is: Will 6k hold in the near term. I think if it does we will see and end to the bear market and start to slowly move upwards towards the end of the year.

If not I am guessing some violent downward moves towards 1-3k will happen and we won't see a rally until about one year from now.